10k monthly house for 4+ years. No savings. Safe ba or no?

[resjudicata]

@karinag No brainer. Buy the house. If in case you'll get into an emergency, you can return home to mama temporarily and she will understand if you also postpone payments

 

[loushome]

@karinag no brainer. think of it as investment na din. tumataas value ng lupa

 

[bfpj72912]

@karinag Ako nalang bibili kung ayaw mo.

 

[orthodoxlady1994]

@karinag Go for it, don't settle for delayed gratification. Bahay na yan. Mura na yan for 500k. I'm sure your mom would like for you to have it too. She'll help you for sure.

 

[dogwoodfan]

@karinag the good thing here wala interest ung 500k.

 

[wonderfullymade1972]

@karinag

gais. papautangin ako ng nanay ko. safe ba?

eh pota, depende yan sa nanay mo.

klaseng tanong to?

 

[ciaramc]

@wonderfullymade1972 HAHAHAHAHA

 

[karinag]

@wonderfullymade1972 Siguro kasi phinvest po itong subreddit, and I asked regarding sa “safety” due to having no EF pa and low income kaya nagtanong po ako rito?

 

[mariet9]

@karinag A 500k 40sqm appreciating house and lot on zero interest rate is probably safer than an emergency fund in this situation

 

[wonderfullymade1972]

@karinag well, yung "safety" nga ng utang mo mag depende sa ugali ng nanay mo. sa wala kami alam dyan.

 

[pj76]

@karinag Pag all goods lahat ng papeles palagan mo na, tapos iparent mo muna para macover yung monthly mo

 

[karinag]

@pj76 Will do this po. Thank you!!

 

[romanichal]

@pj76 +1 sa rent. If you play your cards right, baka ma cover mo na yung 10k/mo's, sobra pa. Rent or lease kung trusted mo yung uupa. At least stable kahit papaano ang lease.

 

[dcbroome]

@karinag Seems fine. It might be a bit extra, but in case you're not going to stay in it, put it up for rent and use that to pay your parents.

Should you take the deal, make sure all paperwork is in order.

 

[silversarah]

@dcbroome I agreed with making sure the paperwork is in order. Check mo OP kung baka may mga kamag-anak ung seller na naghahabol or something along those lines. Pero kung ibibigay agad sa inyo ung title at meron agad deed of sale then go for it. Basta dapat kaliwaan lahat ng transaction and make sure to write receiving copies of all documents na pipirmahan ng both parties na nagpapatunay na naibenta at nabayaran na ng buo ung property. Just cover all the bases when it comes to the legal documents.

 

[karinag]

@dcbroome Thanks po sa suggestion!! One of the reason why I posted here, ‘di ako nagkamali hehe

 

[dcbroome]

@karinag One other thing I forgot to mention is that I don't know what paperwork looks like nor can I comment on how you can ensure that it's complete and legitimate.

I only hope that you're not scammed in any way possible. Good luck!

 

[stilicho]

@karinag Mura na yan. Grab mo na tapos iparent mo muna tapos yon pambayad mo sa mom mo

 

[heavenforme]

@karinag Go for it.

 

[gmarie]

@karinag You'll always get a chance to build an EF but that opportunity is very rare and golden. Dont let yourself regret it few years after. Pag nakuha mo na yan just make sure you try to add in more cash flow para mapagsabay mo sya sa EF. Just take it. You can figure out the rest later.